Dearborn Partners LLC Acquires Shares of 78,946 Jack Henry & Associates, Inc. $JKHY

Dearborn Partners LLC bought a new position in Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 78,946 shares of the technology company’s stock, valued at approximately $10,874,000. Dearborn Partners LLC owned approximately 0.11% of Jack Henry & Associates at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Essential Partners LLC boosted its holdings in shares of Jack Henry & Associates by 65.8% in the first quarter. Essential Partners LLC now owns 184 shares of the technology company’s stock valued at $29,000 after purchasing an additional 73 shares during the period. Caitong International Asset Management Co. Ltd raised its position in Jack Henry & Associates by 3,900.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 200 shares of the technology company’s stock valued at $30,000 after purchasing an additional 195 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Jack Henry & Associates by 2,816.7% in the 4th quarter. Larson Financial Group LLC now owns 175 shares of the technology company’s stock worth $32,000 after buying an additional 169 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in shares of Jack Henry & Associates in the 2nd quarter worth $35,000. Finally, SJS Investment Consulting Inc. grew its position in shares of Jack Henry & Associates by 3,933.3% during the 1st quarter. SJS Investment Consulting Inc. now owns 242 shares of the technology company’s stock worth $38,000 after buying an additional 236 shares in the last quarter. 98.75% of the stock is owned by hedge funds and other institutional investors.

Jack Henry & Associates Price Performance

Shares of JKHY opened at $169.64 on Friday. The company has a 50 day moving average of $150.59 and a two-hundred day moving average of $150.92. The company has a quick ratio of 1.74, a current ratio of 1.38 and a debt-to-equity ratio of 0.02. Jack Henry & Associates, Inc. has a twelve month low of $121.04 and a twelve month high of $193.39. The company has a market cap of $12.05 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 1.95 and a beta of 0.55.

Jack Henry & Associates (NASDAQ:JKHY) last issued its quarterly earnings results on Tuesday, August 18th. The technology company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.13. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%.The business had revenue of $633.10 million for the quarter, compared to the consensus estimate of $631.60 million. During the same period in the prior year, the firm posted $1.75 earnings per share. The business’s quarterly revenue was up 4.6% on a year-over-year basis. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. As a group, analysts predict that Jack Henry & Associates, Inc. will post 7.38 earnings per share for the current fiscal year.

Jack Henry & Associates Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Monday, September 7th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, September 4th. Jack Henry & Associates’s dividend payout ratio is currently 35.01%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on JKHY. Oppenheimer raised their price target on Jack Henry & Associates from $208.00 to $209.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Royal Bank Of Canada increased their target price on shares of Jack Henry & Associates from $173.00 to $178.00 and gave the stock an “outperform” rating in a report on Thursday, August 20th. Stephens reissued an “overweight” rating and set a $200.00 target price on shares of Jack Henry & Associates in a research report on Tuesday, August 11th. Weiss Ratings upgraded shares of Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Finally, UBS Group lifted their price objective on shares of Jack Henry & Associates from $165.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Jack Henry & Associates has an average rating of “Moderate Buy” and a consensus price target of $193.40.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.